5103 Avenue O, Galveston, TX 77551

This is a fully renovated, income-producing 8-unit multi-family property located in Galveston, TX. Each unit features a +/- 594sf one-bedroom, one-bath layout and is equipped with two window A/C units. The property includes private rear yard access, off-street parking, and mature landscaping. Currently, it operates as a mix of short-term Airbnb rentals and long-term leases, providing immediate cash flow and flexibility to optimize returns. Four units are fully furnished, and two are actively listed on Airbnb, with additional demand captured through Furnished Finder, catering to UTMB interns and medical professionals. Professional property management is in place, with rigorous credit, background, and income verification ensuring a reliable tenant base. The property is located at the corner of Avenue O and 51st Street, benefiting from Galveston’s thriving rental market and diverse economy driven by tourism, healthcare, shipping, and education. It is in close proximity to The Strand, the University of Texas Medical Branch, Port of Galveston Cruise Terminal, and Galveston’s renowned beaches, ensuring consistently strong rental demand year-round. The 84-acre UTMB campus, with more than 2,500 students and medical professionals, provides a steady pipeline of quality tenants. Investors can pursue continued mixed-use leasing or reposition entirely as short-term rentals, appreciating the stable income, strong occupancy potential, and long-term appreciation offered by this coastal asset.